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Valencia, CA

Valencia Ca Market Report/Homes For Sale September 18, 2008

Jennifer  Ricco e-PRO,WCR,QSC Retired LAPD: Real Estate Agent in Valencia, CA

Homes for sale in Valencia. As your Santa Clarita Realtor I am here to provide you with the most current single family home sales information for the entire Valencia area.

This picture is the Valencia Town Center located in Valencia.

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ACTIVE LISTINGS AS OF SEPTEMBER 18:

Currently there are 214 single family homes for sale in Valencia.

Minimum List Price: $250,000 Days on Market: 1

Average List Pirice: $657,634 Days on Market: 89

Maximum List Price: $3,350,000 Days on Market: 559

ACTIVE LISTINGS AS OF AUGUST 24:

There were 224 single family homes for sale in Valencia.

Minimum List Price: $250,000 Days on Market: 1

Average List Pirice: $671,045 Days on Market: 92

Maximum List Price: $3,350,000 Days on Market: 534

BACK UP OFFERS AS OF SEPTEMBER 18:

Currently there is 33 homes in back up offer status.

Minimum List price: $295,000 Days on Market: 2

Average List Price: $476,005 Days on Market: 74

Maximum List Price: $950,000 Days on Market: 381

BACK UP OFFERS AS OF AUGUST 24:

There were 35 homes in back up offer status.

Minimum List price: $295,000 Days on Market: 2

Average List Price: $530,671 Days on Market: 55

Maximum List Price: $959,999 Days on Market: 347

PENDING AS OF SEPTEMBER 18:

Currently there are 56 homes pending.

Minimum List Price: $285,250 Days on Market: New Listing

Average List Price: $582,107 Days on Market: 66

Maximum List Price: $2,250,000 Days on Market: 332

PENDING AS OF AUGUST 24:

There were 57 homes pending.

Minimum List Price: $285,250 Days on Market: New Listing

Average List Price: $555,642 Days on Market: 71

Maximum List Price: $2,250,000 Days on Market: 370

HOMES SOLD IN THE PAST 30 DAYS:

43 Homes SOLD in Valencia.

Minimum List Price: $332,500 Days on Market: 1

Average List Price: $579,854 Days on Market: 81

Maximum List Price: $1,199,000 Days on Market: 371

With the constantly changing market we are in my goal is to keep you up to date with the most current home sales statistics for the entire Valencia Area. As a potential seller it helps to give you an idea of what the market performance is doing and what you may anticipate. All homes are different and an indepth comparitive market analysis consisting of location, sqft, and upgrades are needed to give you an exact list price. As a buyer these numbers help you to understand what the price ranges are in Valencia, there are many different homes for sale.Whether your buying or selling a home in Valencia, I would like the opportunity to interview with you for the job. I have an extensive marketing plan to put your home infront of buyers to get your home sold. To see the current market activity go to Jennifer's Blog button and click on Valencia Home Sales.

My husband and I specialize in short sale/foreclosure properties. Many of you have heard these terms on the news lately or see these type of homes in your communities. Would you like to know what these terms mean? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm. If you or someone you know are in a difficult situation with your property consider us. We are Santa Clarita Short Sale Specialists and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Valencia homes for sale or any other areas of Southern California go to: www.santaclaritavalleyhomesonline.com

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

Buyers in Santa Clarita are experiencing multiple offers

Jennifer  Ricco e-PRO,WCR,QSC Retired LAPD: Real Estate Agent in Valencia, CA

Buyers looking to purchase in Valencia have been watching and waiting for the right opportunity to jump into the market hoping to capture a bargain, many have made the choice to do just that. Home prices have steadliy declined back to prices before the real estate boom, these homes may be regular listings, short sales, or bank owned properties.

This activity has sellers's experiencing mulitple offers. Many of the properties seeing offers presented to them over the list price. With this happening, many buyers are in competition for the same property, they are growing frustrated waiting to see if their offer is the lucky one to be choosen.

Short sale listings are being listed well below market value thus generating interest and multilple offers. With short sales though the bank is the one who sets the approved sale price. Just to get the bank to set an approved sale price could take months. With this time frame it has driven many buyers away from short sale listings, they need a home now not months from now.

With REO's (bank owned) the sale price has been predetermined and the home is sold "as is". You will need money to put new carpets in, paint, new landscaping due to the dead landscaping and costly repair expenses due to the home being trashed. These homes are also seeing multiple offers which drives the price up from the original list price.

At this point whether your buying or selling, anything could be a deal breaker or extend the close of escrow. There are so many factors that come into play when buying or selling a home. Financing being a major factor with strictor guidelines and most of the down payment assistance programs being phased out in October.

As a buyer in Santa Clarita I encourage patients, be persistant, and work with a skilled real estate agent that is giving you all the details of a listing before you put an offer in. Be prepared in many cases to counter offer or decide to move onto the next property.

Santa Clarita Home Sales are up 22% from a year ago

Jennifer  Ricco e-PRO,WCR,QSC Retired LAPD: Real Estate Agent in Valencia, CA

Santa Clarita Valley home sales up 22%

Sales of existing single-family homes increased 22.2 percent throughout the Santa Clarita Valley during July with the 237 closed escrows up 43 transactions from the 194 total of a year ago, the Southland Regional Association of Realtors reported on Thursday, Aug. 28.

According to the sales statistics the median price of single-family homes sold last month was $441,000, down 22.6 percent from a year ago, well below the record high of $643,000 reached in April 2006.

Most of the sales activity is concentrated on homes listed for less than $500,000, which then pulls the overall median price lower.

At the current pace of sales, the inventory represents a 5.5-month supply. Industry experts believe a balanced market - where neither buyer nor seller hold sway - appears when there is a 5- to 6-month supply.

The mismatch between the public's view and reality often leads to fruitless negotiations as buyers think sellers must accept ridiculously low purchase offers.

"Realtors need to educate buyers before they even get in the car to go look at a property," Chastain-Shine president of the Southland Association of Realtors Santa Clarita Valley Division said. "Buyers think they can negotiate with the bank on a foreclosed property, but there really is very little room for negotiations when you have a financial institution struggling to recover money invested in a property."

SCV Market Update....

Joshua Suess -  Valencia Real Estate: Real Estate Agent in Valencia, CA

Number of Closed Sales in SCV

Aug. 2007—Sept. 2007: 304


Number of Closed Sales in SCV

Aug. 2008—Sept. 2008: 343

Bottom Line: The number of sales is increasing when compared to last year, or even the last eight months of 2008.


Average List Price

Aug. 2007—Sept. 2007: $564,560 -or- $311.85 per square foot


Average List Price

Aug. 2008—Sept. 2008: $429,849 -or- $233.65 per square foot


Bottom Line: The average list price has fallen $134,711, or 24 percent.

Does Your Home Have Curb Appeal?

Joshua Suess -  Valencia Real Estate: Real Estate Agent in Valencia, CA

“Curb appeal” is the good impression or feeling made when looking at a home from the curb to the front door. It is taking the best exterior feature of the house or yard and enhancing it to the fullest potential. Believe it or not, it can be one of the most important factors to home buyers and many will choose not to view the inside of a home if the outside does not look up to par.

Here’s how to maximize your curb appeal:

Keep landscaping neatly trimmed and maintained. Keep your grass green and replace dead spots with new sod or seed. Don’t neglect flowers, plants and trees. Trim dead stems or branches and if they aren’t looking good, replace them! You’d be surprised how far some inexpensive annuals, like petunias or impatiens, will go.

Add low voltage landscape lighting. It’s an easy and instant upgrade that will really make a dramatic effect at night.
Re-paint the exterior - including trim, shutters, front entry door and garage door. If needed, replace the hardware with new door handles, knobs, etc.

Replace your mailbox. The last thing a home buyer wants to see after leaving a beautiful home and yard, is a beaten-down old mailbox.

Park your vehicles in the garage. This will showcase your home from the street and to show that the driveway has ample room for any potential needs.

Remember, no matter what your budget is, always keep it simple, neutral and appealing to the masses. The way you live and the way you sell are two totally different worlds so you want to set the stage to invite buyers into your home with welcoming curb appeal.

Joshua “Dr.” Suess is owner of The Focused On Your Family Team with Re/Max of Valencia, 661-702-4640; www.NoHassleNoRisk.com